The REQ coin is not alone in its efforts to break PayPal’s quasi-monopoly. OmiseGo has a similar approach. The Coins Populous and TenX approach this topic differently, but there could also be competition here. Surely the strongest opponent is still PayPal itself. Should the team however offer the better alternative, it looks very good for the prognosis.
The development is not finished yet, so there is no minimum viable product available to test the crypto currency. You might want to be careful before you start buying the Request Network Coin.
Request Network Course and the Bitcoin revolution
The Request Network Coin could be traded at the end of October 2017. At the Bitcoin revolution one coin cost 3 cents. In November 2017, the price fluctuated between 3 and 5 cents. In the following December the price went up, in the first two weeks of the Bitcoin revolution the coin reached values of 20 cents. In the last weeks of December, it was up to 30 cents.
January 2018 there was a real rally on the crypto currency. Already in the first week the coin was quoted at up to 88 cents. Then, in the course of January, the Request Network rate dropped, first to 50 cents, then 30 cents at the end of the month. After the price had reached its low for this year of 17 cents on February 6, the price rose to over 20 cents.
The Request Network forecast: If the development of the platform can continue without problems and the team is able to reach its goals, then the Reqest Network has the chance to push PayPal from the throne and compete with the other crypto currencies. But there is still a long way to go. In the meantime the price can fall or rise again and again, that will probably depend on the mood in the market.
Create Request Network Wallet with the Ethereum code
The crypto currency is an ERC20 token. This means that it can be stored on Ethereum code wallets that are designed to store ERC20 tokens. So far, this is the only option, because a Request Network Wallet does not yet exist. One of these alternatives is the MyEtherWallet, one of the most common wallets for ERC20 tokens. This can be created on the website of the Ethereum code wallet. The keystore file, the private key and the password should be kept in a safe place. They should make it easy to create the keystore file.
Where can I buy the Request Network?
You can buy Request Network Coin on Binance, Koinex, Huobi, KuCoin, Kiqui, Gate.io; EtherDelta, YoBit, Bancor Network, COSS and Mercatox. Usually only the exchange against Bitcoins or Ether is possible. With Fiat currencies you can buy the REQ coin on Gate.io, YoBit and Liqui.
Conclusion Request Network
REQ Coin has a strong team and a well thought-out concept. There is great potential in the network, but it must expect some competition. However, if Request Network should prevail, it could become the payment service par excellence.
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